Worries of global trade war continued to weigh on investors’’ risk appetite, driving them towards safety assets, led by the bonds and yen.
Asian shares slipped on Thursday on concerns of a potential global trade war as US president Donald Trump moves on his protectionist policies.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 percent, according to Reuters.
Meanwhile, there are concerns that there could be a strong face-off between the U.S. and China, which could eventually result is massive losses to both sides.
The Japanese yen gained for a third consecutive session versus the U.S. dollar to 105.78, while U.S. 10-year Treasury yield extended its drop for a fourth day to 2.812 percent.
The dollar index, which tracks the green currencies movements versus a basket of major currencies, inched up to 89.70 after recovering from losses the previous session following the release of weak U.S. retail sales data.
The greenback took a knock on Wednesday after Trump's firing of U.S. Secretary of State Rex Tillerson.
The recovery in the U.S. dollar prevented gold from gaining, where the yellow metal steadied near $1324 an ounce.
euro was little changed trading near $1.2369 after falling on Wednesday as ECB
President Mario Draghi pointed to the need to hold stimulus until inflation reaches